Starting with 14 enterprises, upon his departure half a century later in 1988, Tata Sons had grown to a conglomerate of 95 enterprises. Under his chairmanship, the assets of the Tata Group grew from US$101 million to over US$5 billion. Tata was made chairman of the Tata Group in 1938. Yet another dream, Indian Institute of Science was established with the first batch admitted in 1911. Following the founder's goals, Western India's first hydro plant was brought to life, giving birth to Tata Power. Marking the group's global ambitions, Tata Limited opened its first overseas office in London. Sir Dorabji established the Tata Iron and Steel company (TISCO), now known as Tata Steel in 1907. During his lifetime, in 1903, the Taj Mahal Hotel at Colaba waterfront was opened making it the first hotel with electricity in India.Īfter Jamsetji's death, his older son Dorabji Tata became the chairman in 1904. He dreamed of achieving four goals, setting up an iron and steel company, a unique hotel, a world-class learning institution, and a hydro-electric plant. In 1874, he set up another cotton mill at Nagpur named Empress Mill. Further, he bought a bankrupt oil mill at Chinchpokli and converted it into a cotton mill, under the name Alexandra Mill which he sold for a profit after two years. In 1870 with Rs.21,000 capital, he founded a trading company.
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